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Dec 29, 2012
12/12
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it's an emergency bill for sandy victims. it's typical of washington. exactly the type of thing that needs to stop in the city. frankly, it encourages young people like me who will have to pay for stuff like th and our future, pay the interest payments for this type of baloney. tom: where are the young people. you know, the and people turned out to vote in november. yet your generation is going to be the one that puts -- foots the bill for all of this. where is a screaming? >> talking to young people. frankly, our organization and a few others i1 of the few organizations talking to young people who are conservative. many debt more conservative talking to young people, explaining these issues, going to college campuses not being afraid to get a college campuses demagogy and communities. right now we read them -- of, that's the liberal environment. we can't go there which is why we're losing tha battle. tom: the conversation takes place to sit connect the dots, listen, we thought we voted for this inspirational person. yet all we are getting is more debt
it's an emergency bill for sandy victims. it's typical of washington. exactly the type of thing that needs to stop in the city. frankly, it encourages young people like me who will have to pay for stuff like th and our future, pay the interest payments for this type of baloney. tom: where are the young people. you know, the and people turned out to vote in november. yet your generation is going to be the one that puts -- foots the bill for all of this. where is a screaming? >> talking to...
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Dec 30, 2012
12/12
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and oday, they are threatening to do sometng with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9-foot wave of flood water hit her store. she s picked up the pieces and opened her dors for business. despite losing all her equipment and furnishings, her insurance denied her claim and she got no help from the government. take a look at this. they got her back in the business. it's pretty awesome, right? the party of procrastination can take a lesson from the small-business owner in staten island, new york. congress has nothing to show for itself after twoyears. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us gerri: big taxhikes set to t gerri: you make it, they take it. 23.8% is the raise that policymakers wil see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the ca
and oday, they are threatening to do sometng with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9-foot wave of flood water hit her store. she s picked up the pieces and opened her dors for business. despite losing all her equipment and furnishings, her insurance denied her claim and she got no help from the government. take a look at this. they got her back in the business. it's pretty awesome, right? the party of procrastination can take a...
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Dec 28, 2012
12/12
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sandy smith is there. what's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, continues to trade for another 15 minutes. david, for those 15 minutes, we saw continuous selling. it continued to get hammered, and a trader said it was dallas rows, new lows of the session, and another said we fell on the lowest level in the front month futures contract to the lowest level since thanksgiving. the news that president obama did not come up with a new plan when meeting with congress just now, not good news for the markets, and we closed at session lows for the s&p 500 futures, probably indicating there's selling when trading reopens tonight and tomorrow morning as well. david: fasten the seat belts, a bumpy weekend and monday morning of trading, well below the 1400. shibani: dropping a perce
sandy smith is there. what's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, continues to trade for another 15 minutes. david, for those 15 minutes, we saw continuous selling. it continued to get hammered, and a trader said it was dallas...
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Dec 27, 2012
12/12
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completely wiped away by hurricane sandy. listen to this, we just got word she is reopening her store tomorrow. important news there. in related news, congress still fighting over the supplemental bill. the latest guidance and not vote expected in the senate tomorrow night. we will cover that story as well and we will be right back with my two cents more at the answer to the question of the day. do you feel the housing market in your area is recovering? [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ♪ gerri: an update to of breaking news story we told you about a little earlier in the show. tomorrow we said
completely wiped away by hurricane sandy. listen to this, we just got word she is reopening her store tomorrow. important news there. in related news, congress still fighting over the supplemental bill. the latest guidance and not vote expected in the senate tomorrow night. we will cover that story as well and we will be right back with my two cents more at the answer to the question of the day. do you feel the housing market in your area is recovering? [ male announcer ] how do you trade? with...
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Dec 28, 2012
12/12
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eye 113
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and today, they are threatening to do something with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9-foot wave of flood water hit her store. she has picked up the pieces and opened her doors for business. despite losing all her equipment and furnishings, her insurance denied her claim and she got no help from the government. take a look at this. they got her back in the business. it's pretty awesome, right? the party of procrastination can take a lesson from the small-business owner in staten island, new york. congress has nothing to show for itself after two years. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitng myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later
and today, they are threatening to do something with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9-foot wave of flood water hit her store. she has picked up the pieces and opened her doors for business. despite losing all her equipment and furnishings, her insurance denied her claim and she got no help from the government. take a look at this. they got her back in the business. it's pretty awesome, right? the party of procrastination can...
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Dec 29, 2012
12/12
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adam: that sandy supplemental bill is 60 billion, 45 billion according to taxpayers for common sense is stimulus spending that doesn't involve the hurricane. dan, i will come back to you after we listen to sound bite from harry reid, senate majority leader commenting on the negotiations today. here is what he said. >> okay. we had a long meeting in the white house. it was very constructive. we hope that it will be bear fruit but that is what we hope ad lot. i think that the next 2 hours will be very instructive what we're able to accomplish. >> was there progress? discussion of a concrete proposal? >> we talked about a lot of things. there is no concrete proposal at this time. we have a number of different directions we'll try to take and we're going to see what can be worked out. >> will you work on a piece of legislation? >> pardon me? >> is it a good sign or bad sign you guys are not talking much after this meeting?. >> i hooe everything is a good sign. i had my confidence he destroyed on other occasions but i hope it is not on this occasion. >> what about timing? >> timing is we'
adam: that sandy supplemental bill is 60 billion, 45 billion according to taxpayers for common sense is stimulus spending that doesn't involve the hurricane. dan, i will come back to you after we listen to sound bite from harry reid, senate majority leader commenting on the negotiations today. here is what he said. >> okay. we had a long meeting in the white house. it was very constructive. we hope that it will be bear fruit but that is what we hope ad lot. i think that the next 2 hours...
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169
Dec 24, 2012
12/12
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as we talked about earlier, often bringing up the best in people, and super storm sandy was no exception. here is another example. michael of brooklyn, check this out, every day he is treading his death in his red suit with his red cent delivering presents to boys and girls. he gets requests from kids and has been blessed with a huge influx of the nation's. michael johnson the qualifies for the nice list, and i'm thankful they're out there. that's my "2 cents more." here is how you vote in on the poll question we asked on gerriwillis.com with the emphasis this holiday season,ks. merry christmas. happy holidays. have a good one. ♪ lou: good evening. this beakers failure to win republican support in the house for his plan the proposal on the fiscal cliff has embarrassed the speaker, but the speaker's failure means a solution to the fiscal cliff s, if they're going to be one, now resting squarely upon president obama. arsine to be vacationing president alone cannot propose legislation that wins majority support in both the house and senate, and the decision to go over the fiscal cliff now
as we talked about earlier, often bringing up the best in people, and super storm sandy was no exception. here is another example. michael of brooklyn, check this out, every day he is treading his death in his red suit with his red cent delivering presents to boys and girls. he gets requests from kids and has been blessed with a huge influx of the nation's. michael johnson the qualifies for the nice list, and i'm thankful they're out there. that's my "2 cents more." here is how you...
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Dec 24, 2012
12/12
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former ambassador john bolton, and today the national rifle association exactly one week after the sandy hook school massacre has come up with a proposal for securing every schl in this country, and it is such an obvious solution, so simple it immediately raises the question, why didn't anyone else think of it? well, we begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimisticsigns and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they wet from pl
former ambassador john bolton, and today the national rifle association exactly one week after the sandy hook school massacre has come up with a proposal for securing every schl in this country, and it is such an obvious solution, so simple it immediately raises the question, why didn't anyone else think of it? well, we begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or...
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121
Dec 27, 2012
12/12
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we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading volume was down there may be at camp saying it is a good price. exxonmobil refinery near chicago jeff? >> and a note anything
we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is...
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Dec 31, 2012
12/12
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anything on that, or emergency dollars for sandy victims as well? >> there is still discussion on the house side of dealing with the sandy bill. there was negotiations in meetings last night with the members of the new york and new jersey delegation specifically related to sandy and number of difficult farm committees and farm state representatives have been discussing with republican leadership how they get that done as well. all the parts are moving here on capitol hill. when it comes to the fiscal cliff negotiations everything is extremely fluid. the deal is a tentative frame work. they're still working out details. shibani: got it. still very much anything can happen. thanks a lot. >> all right. ashley: rich, thank you. a framework perhaps. let's go to peter barnes at the white house. peter, what are you hearing? >> i can confirm what rich is reporting much the president will come out here any minute but he is not expected to announce a final deal. he is going to say that the congressional negotiators and the white house are close to a deal here
anything on that, or emergency dollars for sandy victims as well? >> there is still discussion on the house side of dealing with the sandy bill. there was negotiations in meetings last night with the members of the new york and new jersey delegation specifically related to sandy and number of difficult farm committees and farm state representatives have been discussing with republican leadership how they get that done as well. all the parts are moving here on capitol hill. when it comes...
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Dec 26, 2012
12/12
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so blame superstorm sandy. if it is worse than everyone is predicting then perhaps you could blame the fiscal cliff. lori: i think adam might take you out for glass wine after the show. >> we could drink. tracy: we should go shop first, really good sales. >> probably line. there are good sales online. tracy: learn so much about your colleagues. love it. lori: so what happens to america's credit rating if we do go over the fiscal cliff? you will recall last year's debt ceiling debacle resulted in standard & poor's stripping the u.s. of its top rating and now fitch is warning of a possible review. joining us now to discuss this possibility and the ramification senior editor with "the national review" and former campaign manager for dick gephardt's presidential campaign. welcome to you both. ramesh i begin with you. one. topics lost in the shuffle in the fiscal cliff negotiation we're perilously close to running up against the debt ceiling again. what do you think should happen with the debt ceiling? are you reall
so blame superstorm sandy. if it is worse than everyone is predicting then perhaps you could blame the fiscal cliff. lori: i think adam might take you out for glass wine after the show. >> we could drink. tracy: we should go shop first, really good sales. >> probably line. there are good sales online. tracy: learn so much about your colleagues. love it. lori: so what happens to america's credit rating if we do go over the fiscal cliff? you will recall last year's debt ceiling...
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Dec 27, 2012
12/12
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has also warned the power companies who have been criticized for their slow response after superstar sandy that they need to be on their toes. liz: thank you anna and peter. good reporting out there. amazon topping the list of most satisfying websites to shop on. with us, shibani joshi. she has the details. shibani: amazon has been the best for a number of years. [talking over each other] shibani: not all online shopping sites are the same. thankfully, we experience this directly. we are also getting this data. online research company releasing their annual results. for the eighth year in a row, amazon is the number one online retailing sites. also, other names, you may or may not be familiar with, qvc, estÉe lauder, etc. amazon has such a wide range of goods. it is certainly an easy to use site. the losers this year, some of these i have not even heard of. nutrisystem, that is a weight loss system. you have those flash websites. they are coming in at the bottom of the list. 24,000 people responded. liz: who had the biggest drop? shibani: not surprising, jcpenney. the confusion of what is
has also warned the power companies who have been criticized for their slow response after superstar sandy that they need to be on their toes. liz: thank you anna and peter. good reporting out there. amazon topping the list of most satisfying websites to shop on. with us, shibani joshi. she has the details. shibani: amazon has been the best for a number of years. [talking over each other] shibani: not all online shopping sites are the same. thankfully, we experience this directly. we are also...
113
113
Dec 31, 2012
12/12
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the sandy flood insurance, emergency supplemental, 60 billion, house hasn't said it will take that up yet. you are right, there's a bunch of other pieces of fruit on the tree that have to be plucked. stuart: may i make a prediction? it is this, you peter barnes will be working until 11:59 this evening. do you think? peter: and happy new year to you too, stuart. [laughter] stuart: i'm serious. i think it is going to go right down to the absolute second. that's what i think. peter barnes, excellent stuff. thank you very much indeed peter. appreciate it. peter: thanks. stuart: president obama vows to make gun control a major issue in the new year. here's the president on meet the press yesterday. >> i've been very clear that, you know, an assault rifle ban, you know, banning these high capacity clips, background checks, there are a set of issues that i have historically supported and will continue to support. >> can you get it done? >> so the question is, are we going to be able to have a national conversation and move something through congress? i'd like to get it done in the first year
the sandy flood insurance, emergency supplemental, 60 billion, house hasn't said it will take that up yet. you are right, there's a bunch of other pieces of fruit on the tree that have to be plucked. stuart: may i make a prediction? it is this, you peter barnes will be working until 11:59 this evening. do you think? peter: and happy new year to you too, stuart. [laughter] stuart: i'm serious. i think it is going to go right down to the absolute second. that's what i think. peter barnes,...
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Dec 26, 2012
12/12
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superstorm sandy hid the regions of the country where we saw the biggest dropoff in spending in that period between october 28th and dec. 20 fourth. there were some rebounds. shopping came back in the last part of holiday shopping season until christmas eve but it was not sufficient to get back on track to what everyone expected. dennis: thank you. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't be a disaster. welcome to the show. you heard what adam said, that the consumer which accounts for 70% of the gdp, spending, they are pulling back and pulled back this year and during holiday shopping season. how close are we to start getting into this talk of getting into recession again? >> we're pretty close by i appreciate your pudding a qualifier that we don't have to go into a panic. there are a couple reasons for that. if you look at the stock market which is mainly where people place risk bets on growing their assets it is arguably fairly priced, somewhere between 13 times and 14 times t
superstorm sandy hid the regions of the country where we saw the biggest dropoff in spending in that period between october 28th and dec. 20 fourth. there were some rebounds. shopping came back in the last part of holiday shopping season until christmas eve but it was not sufficient to get back on track to what everyone expected. dennis: thank you. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't...